(via TheNewswire)
The acquisition is considered a fundamental change under the policies of the CSE. Subject to the fulfilment of conditions and necessary approvals, the Company anticipates that the completion of the acquisition will occur sometime by the end of
A copy of the Form 2A listing statement in connection with the acquisition was prepared in accordance with the policies of the CSE and will be available on SEDAR and the CSE website prior to the resumption of trading of the common shares on the CSE.
The conditions of approval being; the delivery of a Consent Resolution from shareholders representing more than 65% of Class A Common Shareholders of the Company and the submission of all remaining documents and payment of associated filing fees with the CSE that are typically associated with a Fundamental Change. The Company has received to date overwhelming verbal support and anticipates that all conditions will be promptly completed.
The Company’s name shall be changing to
About
The Company is an energy company based and operating in the province of
ON BEHALF OF THE BOARD
President and CEO
Email:leonard.v@avilaexpl.com
For further information, please contact:
Chief Financial Officer
Email: lars@petroviking.ca
Peter Nesveda
Vice-President, Corporate Affairs and Investor Relations
Email: peter@intuitiveaustralia.com.au
All statements contained in this press release about anticipated future events constitute forward-looking statements. Forward looking statements are often, but not always, identified by the use of words such as “anticipate” and “expect”. Forward-looking statements are subject to business risks and uncertainties and other factors that could cause actual results to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change except as required by applicable laws. Investors should not place undue reliance on forward-looking statements.
BOE presentation:
Barrel ("bbl") of oil equivalent ("boe") amounts may be misleading particularly if used in isolation. All boe conversions in this report are calculated using a conversion of six thousand cubic feet of natural gas to one equivalent barrel of oil (6 mcf=1 bbl) and is based on an energy conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Copyright (c) 2021 TheNewswire - All rights reserved., source